Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Viva LeisureASX:VVA +1.03%86 Return-on-Tangible-Asset is 2.15% as of Dec. 2025, which is 172% above its 10-year median of 0.79. GuruFocus rates ASX:VVA with a GF Score™ of 86/100 and a GF Value™ of A$2.05 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 857 Travel & Leisure companies, Viva Leisure ranks worse than 56.83% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Viva Leisure's annualizedNet Income for the quarter that ended in Dec. 2025 was A$10.5 Mil. Viva Leisure's average total tangible assets for the quarter that ended in Dec. 2025 was A$486.9 Mil. Therefore, Viva Leisure's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 2.15%.
The historical rank and industry rank for Viva Leisure's Return-on-Tangible-Asset or its related term are showing as below:
ASX:VVA'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.71 Med: 0.79 Max: 7.54
Current: 1.78
During the past 7 years, Viva Leisure's highest Return-on-Tangible-Asset was 7.54%. The lowest was -3.71%. And the median was 0.79%.
ASX:VVA's Return-on-Tangible-Asset is ranked worse than 56.83% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.7
vs ASX:VVA: 1.78
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Viva Leisure Return-on-Tangible-Asset Related Terms
Viva Leisure Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Viva Leisure's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:VVA vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, Viva Leisure's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Viva Leisure Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Viva Leisure's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Viva Leisure's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 2.15% mean?
Viva Leisure (ASX:VVA) has a Return-on-Tangible-Asset of 2.15% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Viva Leisure and its competitors. This is 172% above median its historical median of 0.79. According to the industry distribution chart, Viva Leisure ranks #487 out of 857 companies in the Travel & Leisure industry, placing it in the top 56.8%.
Is Viva Leisure's Return-on-Tangible-Asset too high?
Viva Leisure's current Return-on-Tangible-Asset of 2.15% is 172% above median its 10-year median of 0.79. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.70. Viva Leisure's value of 2.15% is 20.4% below this industry median. Based on the distribution chart, Viva Leisure ranks #487 out of 857 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Viva Leisure has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Viva Leisure's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Viva Leisure ranks #487 out of 857 companies for Return-on-Tangible-Asset. This places Viva Leisure in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.70. Viva Leisure's value of 2.15% is 20.4% below this benchmark. While the company's 10-year median is 0.79 vs. the industry median of 2.70, Viva Leisure has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.70, based on 857 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viva Leisure's current Return-on-Tangible-Asset of 2.15% is 20.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Viva Leisure and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viva Leisure's current Return-on-Tangible-Asset is 2.15%, which is 172% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viva Leisure stock overvalued right now?
Based on GuruFocus' analysis, Viva Leisure (ASX:VVA) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.05, compared to a current price of A$1.47 — trading 28.5% below its estimated fair value. The current Return-on-Tangible-Asset is 2.15%, which is 172% above median its 10-year median of 0.79 and 20.4% below the Travel & Leisure industry median of 2.70. Viva Leisure's overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Viva Leisure (ASX:VVA), the current Return-on-Tangible-Asset is 2.15% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Viva Leisure (ASX:VVA) Overvalued in 2026?
Based on GuruFocus' analysis, Viva Leisure stock appears to be undervalued.
The current stock price of A$1.47 is trading 28.5% below its estimated GF Value™ of A$2.05.
GuruFocus considers Viva Leisure to be Modestly Undervalued.
Key valuation signals for ASX:VVA:
Return-on-Tangible-Asset: 2.15% (172% above median its 10-year median of 0.79)
GF Value™: A$2.05 vs. price of A$1.47 (28.5% below fair value)
Industry Position: 20.4% below the Travel & Leisure median (#487 of 857)
No single metric tells the full story. See the ASX:VVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viva Leisure Ltd is an Australia-based company engaged in operating health clubs within the health and leisure industry. It offers customers several different membership options and a range of different types of facilities, from box fitness facilities to boutique fitness facilities. The company brands include Clublime, Ladies Only, Psyclelife, Hiit Republic, Swim School, GymmyPT, and others. The group operates in one segment, health club operations. Geographically, it operates only in Australia.
86GF Score
Get the complete analysis for ASX:VVA
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:VVA has been successfully added to your 
